iShares Gold Trust (NYSEARCA:IAU) Shares Sold by E Fund Management Co. Ltd.

E Fund Management Co. Ltd. reduced its stake in iShares Gold Trust (NYSEARCA:IAU) by 12.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,273 shares of the exchange traded fund’s stock after selling 9,402 shares during the period. E Fund Management Co. Ltd.’s holdings in iShares Gold Trust were worth $3,331,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Quadrant Private Wealth Management LLC increased its holdings in iShares Gold Trust by 2.3% in the 4th quarter. Quadrant Private Wealth Management LLC now owns 8,596 shares of the exchange traded fund’s stock valued at $426,000 after purchasing an additional 195 shares in the last quarter. TPG Advisors LLC grew its stake in shares of iShares Gold Trust by 0.7% during the fourth quarter. TPG Advisors LLC now owns 28,025 shares of the exchange traded fund’s stock valued at $1,388,000 after acquiring an additional 199 shares in the last quarter. Riggs Asset Managment Co. Inc. grew its stake in shares of iShares Gold Trust by 1.2% during the fourth quarter. Riggs Asset Managment Co. Inc. now owns 17,269 shares of the exchange traded fund’s stock valued at $850,000 after acquiring an additional 212 shares in the last quarter. Baker Avenue Asset Management LP grew its stake in shares of iShares Gold Trust by 2.9% during the third quarter. Baker Avenue Asset Management LP now owns 7,517 shares of the exchange traded fund’s stock valued at $374,000 after acquiring an additional 215 shares in the last quarter. Finally, SeaCrest Wealth Management LLC grew its stake in shares of iShares Gold Trust by 2.7% during the fourth quarter. SeaCrest Wealth Management LLC now owns 8,287 shares of the exchange traded fund’s stock valued at $410,000 after acquiring an additional 215 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

Shares of iShares Gold Trust stock opened at $54.87 on Friday. The business has a 50-day moving average of $52.71 and a 200-day moving average of $50.67. The company has a market capitalization of $37.24 billion, a PE ratio of -33.32 and a beta of 0.20. iShares Gold Trust has a 1-year low of $40.63 and a 1-year high of $55.70.

iShares Gold Trust Profile

iShares Gold Trust (the Trust) is to own gold transferred to the Trust in exchange for shares issued by the Trust (Shares). Each Share represents a fractional undivided beneficial interest in the net assets of the Trust. The assets of the Trust consist of gold held by the Trust’s custodian on behalf of the Trust.